Genmab: Janssen dispute cost DKK 146m in H1

Genmab's ongoing arbitration case with partner Janssen Pharmaceuticals has resulted in the latter withholding DKK 146m in royalty payments during the first half of 2021, the Danish biotech group informs.

Photo: Tuala Hjarnø / Genmab / PR

Even though Genmab's superseller, Darzalex, brought in USD 2.8bn in the first half of 2021 against USD 1.8bn from the same period last year – thereby playing a role in driving the recent guidance upgrade – the Danish biotech group is still able to note some less fortunate news for the period.

The company's second-quarter interim report shows that Genmab's royalty payments from Janssen Pharmaceuticals, which sells Darzalex on behalf of Genmab, only increased by 43 percent despite a 52 percent growth in sales during the same period.

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